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Big Lots 1650 Birchwood Ave 41,261 SF Retail Building Bellingham, WA 98225 $6,002,456 CAD ($145.48 CAD/SF)
EXECUTIVE SUMMARY
ATTRACTIVE BASIS:
- Offered at just $104/SF, this vacant 41,261 SF building presents a rare opportunity to acquire a large-format retail asset well below replacement cost.
VALUE-ADD OR OWNER-USER OPPORTUNITY:
- With the property currently 100% vacant, investors can reposition the building to capture market rent or an owner-user can immediately occupy and benefit from SBA financing options and long-term control.
EXPANSIVE LOT WITH AMPLE PARKING:
- Situated on a 3.51 Acre parcel with approximately 140 parking stalls (3.4/1,000 SF), the site supports a wide array of tenant or owner-occupant needs.
LOW VACANCY MARKET:
- Bellingham’s overall retail vacancy is exceptionally low, dropping to 3.1% in Q2 2024 from 3.3% in Q1, reflecting exciting, robust demand for storefront space citywide.
FLEXIBLE ZONING ALLOWS A VARIETY OF USES:
- Located in Bellingham’s Planned Commercial (PC) zoning district, the property allows for a wide range of commercial uses including retail, medical, office, and light industrial; offering strong potential for adaptive reuse.
STRONG LOCAL DEMOGRAPHICS & CONSUMER SPENDING:
- Bellingham’s population exceeds 93,000, with average household income over $76,000 and a consistent influx of Canadian cross-border shoppers from nearby British Columbia.
- Offered at just $104/SF, this vacant 41,261 SF building presents a rare opportunity to acquire a large-format retail asset well below replacement cost.
VALUE-ADD OR OWNER-USER OPPORTUNITY:
- With the property currently 100% vacant, investors can reposition the building to capture market rent or an owner-user can immediately occupy and benefit from SBA financing options and long-term control.
EXPANSIVE LOT WITH AMPLE PARKING:
- Situated on a 3.51 Acre parcel with approximately 140 parking stalls (3.4/1,000 SF), the site supports a wide array of tenant or owner-occupant needs.
LOW VACANCY MARKET:
- Bellingham’s overall retail vacancy is exceptionally low, dropping to 3.1% in Q2 2024 from 3.3% in Q1, reflecting exciting, robust demand for storefront space citywide.
FLEXIBLE ZONING ALLOWS A VARIETY OF USES:
- Located in Bellingham’s Planned Commercial (PC) zoning district, the property allows for a wide range of commercial uses including retail, medical, office, and light industrial; offering strong potential for adaptive reuse.
STRONG LOCAL DEMOGRAPHICS & CONSUMER SPENDING:
- Bellingham’s population exceeds 93,000, with average household income over $76,000 and a consistent influx of Canadian cross-border shoppers from nearby British Columbia.
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
41,261 SF
Building Class
B
Year Built/Renovated
1983/2019
Price
$6,002,456 CAD
Price Per SF
$145.48 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
3.51 AC
Zoning
PC
Parking
145 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
389’ on Birchwood
Bike Score®
Very Bikeable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 380213-328008-0000 | Improvements Assessment | $1,645,024 CAD (2024) |
| Land Assessment | $2,251,198 CAD (2024) | Total Assessment | $3,896,222 CAD (2024) |
PROPERTY TAXES
Parcel Number
380213-328008-0000
Land Assessment
$2,251,198 CAD (2024)
Improvements Assessment
$1,645,024 CAD (2024)
Total Assessment
$3,896,222 CAD (2024)
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Big Lots | 1650 Birchwood Ave
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